Femtech: How Technology is Addressing the Gender

Recent Development

  • In August 2022: A femtech startup was founded by a husband-and-wife team. It received seed funding of $3.2 million from Thiel Capital. The pitch focused on a wellness and fitness pitch connecting women with menstruation’s hormonal phases for emotional and physical gain. Based on popular science, the startup was founded to help women going through menstruation adapt their diets and exercise to accommodate the hormonal changes they experience every month.
  • In November 2022: Maven Clinic, a startup that teletherapy treats women, announced that they had raised $90 million for Series E funding. General Catalyst was the lead of the round. Sequoia Capital and CVS Ventures also participated. According to the company, Maven raised over $300 million in total funding.

Market Key Players

With the presence of many local and regional players, the market for companion diagnostics is fragmented. Market players are subject to intense competition from top market players, particularly those with strong brand recognition and high distribution networks. Companies have gained various expansion strategies, such as partnerships and product launches, to stay on top of the market.

The following are some of the major players in the Global FemTech Market industry